RITHM ACQUISITION CORP-A (RAC) Technical Analysis
NYSE:RAC • KYG757511004
Current stock price
RAC Technical Rating and Analysis
Overall RAC gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, RAC is a bad performer.
- 100% of all other stocks performed better in the past year than RAC.
- The long and short term trends are both positive. This is looking good!
- In the last month RAC has a been trading in a tight range between 10.34 and 10.47.
- Considerably lower volume is observed in the last couple of days.
RAC Weekly and Daily overview Charts
RAC Setup Rating and Analysis
RAC has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.41, a Stop Loss order could be placed below this zone.
More info and screens
RAC Support and Resistance Analysis
9.92
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.25 to 10.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @10.02 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.44 to 10.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
RAC Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for RAC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RAC is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | RAC has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RAC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RAC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RAC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.12 | NEUTRAL | The RSI value for RAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RAC has a positive trend. |
| Stochastics (14,3) | 64.1 | NEUTRAL | The Stochastics value for RAC is a neutral value. |
| Average True Range in percent/ATR (20) | 0.41 | LOW VOLATILITY | The low ATR as a percentage value for RAC suggests low volalility. |
| Average Directional Index/ADX (14) | 43.95 | POSITIVE | The high ADX value value for RAC suggests a strong trend. |
RAC Chart- and CandleStick Pattern Analysis
RAC Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.48 | 10.35 | 0.13 (1.24%) | 25.00% |
| An entry @10.48. This is a Buy Stop order right above the resistance zone. | An exit @10.35. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.13 points, which is 1.24%. | For a 0.31% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
RAC Technicals: Chart, Performance Metrics, Trend & Indicators
10.43
+0.01 (+0.1%)
RITHM ACQUISITION CORP-A / RAC TA FAQ
What is the technical rating for RAC stock?
ChartMill assigns a technical rating of 6 / 10 to RAC.
What is the current trend direction of RITHM ACQUISITION CORP-A (RAC) stock?
The current trend direction for RITHM ACQUISITION CORP-A (RAC) is Bullish.
What is the RSI signal for RITHM ACQUISITION CORP-A (RAC) stock?
RITHM ACQUISITION CORP-A (RAC) has an RSI value of 58.119. This indicates that the stock is currently neutral.
What is the buy/sell signal for RAC stock?
The buy/sell signal for RITHM ACQUISITION CORP-A (RAC) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for RITHM ACQUISITION CORP-A (RAC) stock?
RITHM ACQUISITION CORP-A (RAC) has a support level at 10.41 and a resistance level at 10.44. Check the full technical report for our detailed analysis of RAC support and resistance levels.